Statutory Compliance In Delhi

Paysquare supports you with a comprehensive range of services like compliance audit, gap analysis, solution recommendations, registrations, renewals and records maintenance, no nook or corner of your compliance needs and requirements are left uncovered.

    Statutory Compliance Service in Delhi

    No matter which country you are operating in as a firm, there are some rules and regulations that you need to stick to, not only to avoid penalties and lawsuits but also to benefit your company by working in a non-exploitative and organized manner. Statutory compliance is not a profit earning activity, but it definitely is a means to avoid any risk factors and ensuring a smooth flow of work. Juggling all these secondary activities can be a big task, especially for a big firm and may deviate your focus from some of the core activities. Therefore, you should opt for third party service providers who can manage such tasks for you.

    Keeping yourself up with the ever-changing rules and regulations demand a lot of time, especially when you are forced to alter your work procedure for it. The benefit of having a statutory compliance service provider is that you can handle the major roles and leave such tasks on the provider. This is where Paysquare comes into picture, we keep ourselves educated with the latest news and alterations to the
    legal framework and we transform with the changes. If your firm is from Delhi, visit us on our website to enjoy our statutory compliance service.

    Why it is vital to opt for statutory compliance service these days

    It is no doubt that if you want to maintain your goodwill and trust of customers, you must not let any disruptions like lawsuits come in the way. Not only will you save a fortune by avoiding punitive damages, but it will also result in cost effective work done efficiently. We at Paysqaure commit to your business in maintaining all the work in the bounds of the legal framework.

    It is very important for your business to avoid punitive damages. As a firm, it is difficult for you to have all laws on your tips. At Paysqaure, you can evade to deal with this.
    It is a cost-effective technique to get work done as building a team within the organization requires more funds. Outsourcing this task to a third part cuts a lot of expenses.
    Reduces a big amount of workload from your shoulders.
    With your statutory compliance load on Paysquare, you are able to give more time and focus to more important and core events in your business.
    Employee talented minds from outside your firm. Having a third party assisting your firm can be beneficial in terms of exploring new ideas which might be fruitful for your firm.

    How your business might be exposed to risks when you are not complying with the laws

    There are a lot of complex rules and regulations that you have no choice but to comply with. In case your firm is not adhering to those, a big action can be taken against it, damaging its reputation and more.

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    Your firm will be forced to suffer a huge loss financially. With the laws getting extremely strict, it is crucial that your business is adhering to them, not doing so can make a big hole in the funding of your company.

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    Moreover, your firm’s reputation will be at stake. This automatically loses your customer’s interest and willingness to continue to invest in your company. Altogether, your goodwill will be diminishing drastically.

    Why Paysquare is the best statutory compliance provider

    It is no doubt that statutory compliances ensure a smooth flow of work within your organization and with the incredibly complicated Indian laws, it is vital that you hire a third-party service provider who caters to all legality for you and meanwhile, you can focus on more important activities, all in a cost-effective way. Here are some reasons why Paysquare is the ideal statutory compliance provider.


    As we know, laws in India are progressing more and more each day, it becomes difficult to catch up with them. However, Paysquare is always up to date with all laws and takes rightful action immediately.


    As compared to all other similar service providers in Delhi, our results are proof that we offer the best and quality delivery.


    It is a worry of many firms to lose control over managerial tasks. With Paysqaure, the absolute control remains in your hands. We take care of all legality for you and keep you updated regularly of the ongoing operations. You get full transparency.

    Delhi, a city always moving and progressing, firms always developing. It is feasible to hire a third party for such activities and there is no better and affordable option than Paysquare. We deliver the best results and there is never a scope of mistakes in our services. You also get regular overviews of all operations going on with your funding. When you hire us, consider all burden off your shoulders as we ever step back from our responsibility, and we make sure that your firm thrives.


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    Frequently Asked Questions

    What is Statutory Compliance?

    Statutory compliance is a legal framework that every organization needs to adhere to. Across most companies, it is observed that statutory compliance management in india has reached very important proportions Several times statutory compliance services are also called as legal compliance management.
    In the area of statutory compliance management india is really taking notice and most companies are putting in place a comprehensive strategy to address their statutory compliance and legal compliance requirements. Statutory compliance management in India is not a choice but is mandatory for companies of all sizes.
    There are usually statutory compliances with reference to both payroll and accounting. In terms of payroll, there are clear mandates as to PF deductions, EPF participation, Profession tax payments, TDS deductions to be made, Returns to be filed based on TDS deducted etc. Each process needs to be done within its respective deadlines and non-adherence to the same can result in penalties and fines. Every business wants to focus on their growth and does not want to get involved in managing litigations and disputes, especially when it comes to the regulatory bodies.
    In several organizations, in-house staff keep track of several of these statutory compliance services, but they may not be well equipped to be doing this on a regular basis. There are several occasions where regulations change frequently and you need some expert advice to get a correct interpretation of what this change means to your company. When you work with capable companies offering statutory compliance services india, you do not need to worry about any of your compliances. All of them are taken care of and within the prescribed deadlines.
    Here are some of the pertinent statutory compliances which need to take care basis on industry and segments
    • Factories Act
    • PF & Misc Provision Act
    • ESI Act
    • Minimum Wages Act
    • Bonus Act
    • Contract Labour Regulation and Abolition Act
    • Professional Tax Act
    • Shop and Establishment Act
    • Labour Welfare Fund
    • Maternity Benefit Act
    • Payment of Wages Act
    • Other Labour Regulations as applicable to the establishment

    Why Statutory Compliance Management is Important?

    Statutory compliance management in India is not a choice for organizations. It is mandatory. Non-compliance can result in penalties and fines. As an organization, you do not want to get into the bad books with regulators. It is important to understand the clauses of different acts that you need to comply with and plan steps to implement that compliance across operations.
    Planning to meet all the statutory compliances is not an easy task as regulations do change often and it is important to track the changes and also interpret what they mean for your business. Wrong interpretations often create even more confusion and leads to non-compliance.
    As an organization focusing on business goals, it can be very disheartening to get pulled down by penalties, govt. notices and disputes. It is every business owner’s goals to stay away from all these complications and focus solely on their business growth. Having a capable partner like Paysquare, who can manage end to end statutory compliance services is very helpful. Business owners are then able to spend quality time on growing their business and engaging with customers.
    Paysquare is one of compliance outsourcing companies in India which takes care of all statutory compliance activities required as per government norms. Paysquare also manages all statutory compliance in HR, manage TDS deductions through investment declarations and automatically calculate salaries after TDS deduction while processing payroll. In addition, it allows you to capture Challans and generate form 16 and form 24Q to manage all your statutory compliance with ease and efficiency.

    What Are Benefits / Features Of Statutory Compliance From Paysquare?

    Paysquare offers end to end payroll outsourcing and accounting outsourcing services. When you engage with Paysquare all of the elements involved in payroll processing are already getting addressed. Paysquare also offers statutory compliance services. If the same vendor is also managing end to end compliance services, it becomes all the more beneficial. The entire ownership of payroll and the related statutory compliances stays with one vendor.
    Paysquare has been in business for over 17 years and they have a very good domain knowledge of payroll. Over the years, they have also built a lot of technology and automation to streamline payroll management and statutory compliances for its clients. When clients sign up with Paysquare, they can easily benefit from the immense domain knowledge they have in the field of payroll and statutory compliances.

    What is Payroll Company?

    Every business, small, medium or large needs to process salary payments (payroll) to its employees. This process of doing the entire payroll calculations including tax deductions applicable and the end to end process of managing all the filing and compliances related to the payroll is called payroll processing. A company that offers payroll processing as a service is typically called payroll company. A payroll company make it easy for small, medium u0026 large businesses to streamline their business operations. Paysquare is a leading payroll company in India, which helps organizations in end to end payroll processing. From payroll calculations to tax deductions to finalizing bank files for depositing employees’ salary directly to their bank accounts, Paysquare does it all. Along with all this, Paysquare also provides web based access to employees and HR admins, where they can access their payslips and tax related information through secure logins.

    What are the features of Payroll Outsourcing company?

    Payroll outsourcing companies help you to improve productivity by saving time, efforts and costs incurred for carrying out payroll operations in-house. Payroll outsourcing companies have a wide range of payroll specialization for different industries, like for e.g. some organizations offer flexible savings accounts, or retirement account options, and some provide specific tax saving proposals, insurance payments helping the business owner to deliver efficient payroll through better productivity.

    Improved efficiency of employees

    Payroll outsourcing companies process the payroll day in and day out with the high availability of expert pool and better awareness of technical and legal norms. Efficiency is achieved by outsourcing to specialized payroll experts ensuring timely and accurate payroll processing.

    Accurate tax returns filing

    Tax returns are filed accurately and on time to ensure that there are no compliance related issues. Cost savings is one of the major benefits delivered by payroll outsourcing companies. High penalties can be avoided by making sure that tax returns are filed on time and accurately.

    Using best of technology

    Payroll outsourcing firms use latest and advanced software programs for payroll processing, tax computation for minimizing errors and delays. This ensures high degree of automation in the entire payroll processing process and ensures that manual errors are minimized or eliminated.

    Kick-Start Your Payroll Outsourcing Journey With Us.

    Let us sit together for a quick walk through of the payroll and HR solutions, we have on offer for you.

    Kick-Start Your Payroll Outsourcing Journey With Us.

    Let us sit together for a quick walk through of the payroll and HR solutions, we have on offer for you.